Analysis

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1. 7. 2019

Salaries for mid-level to senior professionals in Saudi Arabia will rise between 5-6% on average in 2019 and women will see a 15% rise in workforce participation in 2019, a recent study by GCC-based recruitment consultancy Cooper Fitch said.

Saudi Arabia is seeking a political and economic alliance with six countries bordering the Red Sea and the Gulf of Aden in a move aimed at strengthening its interests in the crucial waterway and in Africa, according to reports.

Authorities in Saudi Arabia’s are cautioning that more thunderstorms and wet weather is on its way to several areas across the Kingdom, as locals brace for the potential for additional flooding and other hazards.

A recently released report by the IMF found that economic growth in Gulf states will recover in 2018 from a contraction last year, but that future growth remains vulnerable to volatility in crude oil prices.

Saudi Arabia's King Abdullah Petroleum Studies and Research Center in Riyadh is studying what happens to oil markets in a hypothetical world without OPEC, according to the Wall Street Journal and other reports.

Careem, the Middle East-based ride-hailing company, said on Thursday it had secured $200 million in new funding from existing investors, including from Saudi Arabian billionaire Prince Alwaleed bin Talal's Kingdom Holding.